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    555 North Point Ctr E Alpharetta, GA 30022
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    555 North Point Ctr E Alpharetta, GA 30022

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    • Office buildings
    • 156,632 SF
    • 9.83 lot acres
    For Lease
    $17,425,000
    View Listing →
    Alpharetta Office Space for Rent For Lease
    $17,425,000

    Alpharetta Office Space for Rent

    Well-connected office space near downtown Alpharetta with various options.

    555 North Point Center E, Alpharetta, GA 30022
    View Listing
    Property ID
    US22-0853130
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ASEPTIC FRUIT PUREES / Food Processing Plant / Factory
    • Digital Agency Labs and Cognizion / (Bike/Boat/Book/etc) Store / Corporate Office
    • IntelliCRM / (Bike/Boat/Book/etc) Store / Corporate Office
    • Juniper Networks / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • Ferraro Tax & Accounting, CPA LLC / Accounting Firm

    Property Details for 555 North Point Ctr E

    Year built
    1998
    Lot size
    9.83 lot acres
    Property size
    156,632 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    12 261006870490
    APU
    12261006870490

    Description

    This Class A, seven-story office building in Alpharetta, Fulton County, offers 22,422 square feet of premium workspace. Renovated in 2019, the building boasts a stunning granite-floored lobby and overlooks tree-lined avenues. It features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. The property provides various options, including private furnished offices (single occupancy to entire company), coworking spaces with dedicated desks or hot-desking, and fully equipped meeting rooms with advanced technology. A convenient on-site fitness center and nearby parking are also available. The building's location offers easy access to downtown Alpharetta and Hartsfield-Jackson Atlanta International Airport, placing businesses within reach of Atlanta's thriving commercial sector and a variety of shops and restaurants. Virtual office options, including mail forwarding and call answering services, are also available, along with a benefits program featuring exclusive discounts and procurement support. Elevators are present.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,763,000
      Market price range: $19.1M - $38.5M
      AI Estimate
      $14,671,000
      Market price range: $14.7M - $24.7M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $26,610,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.301
    Latitude
    34.0469
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $2,653,920
    $4,992,160
    $7,646,080
    -
    $6,634,800
    $12,480,400
    $19,115,200

    Comparable in this City

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    • Value Estimation
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      11610 Great Oaks Way

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      View Details
    • Value Estimation
      $19,525,000
      80,228 SF

      11650 Great Oaks Way

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      11650 Great Oaks Way, Alpharetta, GA 30022-2418
      View Details
    • Value Estimation
      $4,295,000
      25,660 SF

      3050 Royal S Blvd

      OFFICE BUILDING (MULTI-STORY) • 25,660 SF
      3050 Royal S Blvd, Alpharetta, GA 30022-4427
      View Details
    • Value Estimation
      $1,005,000
      4,200 SF

      11379 Southbridge Pkwy

      OFFICE BUILDING (MULTI-STORY) • 4,200 SF
      11379 Southbridge Pkwy, Alpharetta, GA 30022-4402
      View Details
    • Value Estimation
      $1,590,000
      13,724 SF

      4640 Valais Ct

      OFFICE BUILDING (MULTI-STORY) • 13,724 SF
      4640 Valais Ct, Alpharetta, GA 30022-2606
      View Details

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      500,000 SF

      Planned Class A Office Space

      Planned 500,000 SF Class A office in Alpharetta.
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      Class A Office Building

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      Class A Office Development

      Class A office space with on-site amenities in Alpharetta, GA.
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      View Details
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      View Details
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    Alpharetta, GA 30022
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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